Sembcorp Adds Another $208 Million to the Books with Latest Jackup Rig Order
SINGAPORE (Dow Jones)–Singapore-listed Sembcorp Marine Ltd. (S51.SG) said Tuesday its unit has secured a rig building contract worth US$208 million from
SINGAPORE (Dow Jones)–Singapore-listed Sembcorp Marine Ltd. (S51.SG) said Tuesday its unit has secured a rig building contract worth US$208 million from
The Great Eastern Shipping Co Ltd. (G E Shipping) has signed a contract to sell “Jag Pradip”, a Medium Range (MR) product carrier. The 1996 built
LONDON (Dow Jones)–BP PLC (BP) is looking to ship almost 1 million barrels of Forties crude to Chile in May, further tightening the oversupplied North
Wärtsilä announced today that they have been contracted by Koedood Diesel Service BV to supply a complete power system, including two of its 6-cylinder
Here’s a video of the ship breaking operations at the Gadani Ship Breaking Yard in Pakistan. At one point, the yard was the largest ship-breaking
Following a few busy days at the Offshore Technology Conference in Houston last week, Helix Energy Solutions group invited me on a tour of the Helix Producer
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-By Can Fidan, MTS Logistics As we all know, the current situation in the shipping world is that there is a large lack of demand against the current overall
HOUSTON – Cheniere Energy (NYSE Amex: LNG) announced today that Asian investment company Temasek,and private equity firm RRJ Capital, have agreed to
SAN RAMON – Chevron Corporation (NYSE: CVX) announced that the Pacific Santa Ana, a deepwater drillship built to Chevron’s specifications, has
COPENHAGEN (Dow Jones)–Nils Smedegaard Andersen, the chief executive of Danish industrial conglomerate A.P. Moller-Maersk A/S(MAERSK-B.KO), returned to
SYDNEY (Dow Jones)–Australia’s government on Sunday said it has awarded 12 new petroleum exploration permits for off the coast of Western Australia
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HONG KONG (Dow Jones)–Swire Pacific Ltd. (SWRAY, 0019.HK) said it will spend HK$11 billion ($1.4 billion) over the next two years on building energy
MOSCOW -(Dow Jones)- Norway’s Statoil ASA (STO, STL.OS) signed Saturday a potential $100 billion cooperation agreement with Russian state oil company
Nearly a week ago, 7 people were killed off Qatar when an offshore LNG buoy terminal exploded unexpectedly. Tugboat 53, which is part of the Svitzer/Nakilat
LONDON (Dow Jones)–Saudi Arabia’s state shipping company, Vela, will transport large volumes of oil to the U.S. again this month, repeating a trend
After a four days under the control of west African pirates, BW Shipping reports that the product tanker, BW Rhine, has been released off Nigeria by its
By Lars Petter Blikom, DNV As part of a project to define the future design of container feeder ships for operation in the Baltic Sea, some of my colleagues
It was a wild ride in the oil markets this week as crude prices fell off of a cliff today and WTI is now lower than $100 BBL. While
Sauter Carbon Offset Design (SCOD) says they have come up with an alternative design for the USCG’s new Sentinel Class Fast Response Cutters (FRC) that
PARIS (Dow Jones)–French oil major Total SA (TOT, FP.FR) Friday reiterated it was ready to start “in the coming days” an operation to
To benefit from the current strong demand for high specification drilling units Seadrill announced today that it has entered into a turnkey construction
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LONDON (Dow Jones)–The June loading program for North Sea Ekofisk crude oil is scheduled at 263,000 barrels a day, up from 237,097 barrels a day
Navios Maritime Partners L.P.’s (NMM) public offering of 4 million common units priced at a 4.5% discount to Wednesday’s close. The units were
FRANKFURT (Dow Jones)–German shipping group Hapag-Lloyd said Friday it has increased freight rates for all cargo and container types between Europe and
Here, Coast Guard crew aboard a 42-foot Special Purpose Craft – Near Shore Lifeboat crashes through the surf of the Merrimack River bar located in upper
SEOUL (Dow Jones)–Hyundai Heavy Industries Co. (009540.SE), the world’s largest shipbuilder by sales, said Thursday first-quarter net profit
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